MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 4,061 Shares of United Rentals, Inc. $URI

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly increased its holdings in United Rentals, purchasing an additional 4,061 shares, bringing its total ownership to 4,255 shares worth approximately $3.2 million.
• United Rentals reported second quarter earnings of $10.47 per share, which was lower than analysts' expected $10.54, despite having a revenue of $3.94 billion that exceeded forecasts.
• The company recently declared a quarterly dividend of $1.79 per share, reflecting an annualized yield of 0.8% and a dividend payout ratio of 18.52%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 2,093.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,255 shares of the construction company's stock after purchasing an additional 4,061 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in United Rentals were worth $3,206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of United Rentals by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after purchasing an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after acquiring an additional 541,579 shares in the last quarter. GAMMA Investing LLC lifted its holdings in United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after acquiring an additional 886,266 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock worth $532,561,000 after acquiring an additional 190,007 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in United Rentals by 22.3% during the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after acquiring an additional 120,449 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

NYSE:URI opened at $935.70 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The stock's 50-day simple moving average is $908.97 and its 200 day simple moving average is $755.97. The company has a market cap of $60.20 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.21 and a beta of 1.72. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the business posted $10.70 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on URI. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a "neutral" rating in a report on Tuesday, September 16th. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. Citigroup lifted their price target on United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a research note on Tuesday. Barclays lifted their price target on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. lifted their price target on United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and an average price target of $908.25.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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